This form is a Special Warranty Deed where the Grantors are husband and wife, or two individuals, and the Grantee is an individual. Grantors grant and covey the described property to Grantee. Grantors warrant and will defend the property against only those claiming by, through or under Grantors and not otherwise. This deed complies with all state statutory laws.
Maricopa Arizona Special Warranty Deed from two individuals, or husband and wife, to an individual, is a legal document used to transfer ownership of real estate property located in Maricopa, Arizona. This type of deed provides certain warranties and protections to the grantee (the individual receiving the property) from the granters (the two individuals, or husband and wife, transferring the property). The Maricopa Arizona Special Warranty Deed comes in different variations, each offering varying degrees of protection and assurances. The two main types of Special Warranty Deeds that can be utilized in Maricopa, Arizona are: 1. Joint Tenancy with Right of Survivorship: In this type of deed, the husband and wife own the property together as joint tenants. This means that if one spouse were to pass away, the ownership of the property automatically transfers to the surviving spouse. This form of ownership provides a higher level of security and protection for the grantee, as it ensures a seamless transfer of ownership. 2. Tenancy in Common: This type of Special Warranty Deed allows the husband and wife to jointly own the property, but with distinct shares of ownership. Each spouse may own an equal or unequal portion of the property. In the event of one spouse's death, their ownership share will not automatically transfer to the surviving spouse. Instead, it will become part of their estate and be distributed according to their will or state laws. While this type of ownership offers flexibility and independence, it may involve some complexities in case of the death of one spouse. When executing a Maricopa Arizona Special Warranty Deed, it is crucial to include specific and accurate details about the property being transferred, such as the legal description or address. The document should also clearly identify the granters and the grantee, providing their full names, addresses, and other relevant contact information. Additionally, the deed must outline the consideration (usually monetary value) being exchanged for the property. It is highly recommended consulting with a qualified real estate attorney or title company in Maricopa, Arizona, to ensure that the Special Warranty Deed is prepared and executed correctly. They will ensure that the necessary legal requirements are met and that the transfer of ownership is properly recorded with the appropriate local government authorities. This will provide the grantee with the necessary legal protection and confirm their valid ownership of the property.
